Best Business Factoring Companies
As the premier online resource for factoring companies in the U.S. and Canada, FactoringClub has selected this year’s top factoring companies for business, based on contract terms, customer service and company leadership.
EXCELLENT TERMS • OUTSTANDING SERVICE • PROVEN LEADERSHIP
DSA Factors is a family-owned factoring company in Chicago that serves a wide range of industries, including apparel, transportation, manufacturing and distribution. DSA Factors has more than 20 years experience providing non-recourse invoice financing to smaller businesses, as well as Fortune 500 companies. You work directly with principals of the company. Their application process is quick and simple, with a minimal startup fee. You don't have to pay minimums and you can cancel at anytime without penalty.
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Exchange Capital is an Arkansas factoring company that's been providing top-notch invoice factoring services since 1991. Exchange Capital has a friendly office staff that measures themselves based on your success and satisfaction. You get first-class receivables financing with same-day funding, invoice processing, customer credit monitoring, receivables collections, and online reporting. You don't have to pay any startup fees or minimums and you can cancel at anytime without penalty.
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Mazon Associates is a factoring company in the Dallas / Fort Worth area that is one of the oldest factoring companies in the nation. Since 1976, Mazon has delivered professional invoice factoring services to over one thousand clients. They have a reputation for handling clients in a friendly and professional manner. Mazon is an industry leader in oil and gas factoring, as well as manufacturing, staffing and business services. You don't have to pay a startup fee and you can cancel your contract within 30 days for any reason.
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New Century Financial is a factoring company in The Woodlands, Texas that was founded in 1985. New Century has grown over the years into an innovative invoice financing company serving businesses all across the U.S. They have a simple application process to get you started quickly, with no startup fees. You'll get a specially-tailored invoice factoring program and streamlined funding process to fit your particular business. You don't have to pay minimums, and you can cancel at anytime without penalty.
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Allegiant Business Finance is a factoring company located in Seattle that's been providing accounts receivable factoring services since 2003. Today, Allegiant provides invoice factoring services to businesses all across the U.S. They have helped thousands of small and medium-sized businesses in industries such as staffing, transportation, technology and more. Allegiant has a quick and easy application process, with no startup fees. You don't have to sign a long-term contract or pay minimums.
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Flash Funding is a family-owned factoring company in Houston that helps small to medium-size companies throughout the United States. Flash Funding is led by experienced professionals that are committed to giving you quick, simple and reliable invoice financing. They serve many industries including transportation, oil & gas, manufacturing, and staffing. They cut through all the red tape to get you funded, with no startup fees. You can cancel at anytime and you don't have to pay minimums.
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Capital Funding Solutions (CFS) is a factoring company in the Greater Miami Area that provides quick, professional service with integrity. CFS can put together a custom financial package that fits your precise business needs. They offer PO financing, supplier guarantees and asset-based lending, in addition to normal invoice financing. You don't pay any startup fees or minimums and you can cancel for any reason without paying cancellation fees.
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FSW Funding is a Phoenix factoring company that's been delivering superior customer service since 2001. FSW Funding provides flexible and affordable factoring services to startups, growing businesses, as well as credit-challenged companies. You'll receive experienced and personal one-on-one attention from their professional staff. Their application process is quick and simple, with a minimal startup fee. You can factor when you want, with no minimums, and you can cancel at anytime without penalty.
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Invoice Factoring Services
Industry
Factoring companies typically fall into 3 categories when you’re looking for a factoring partner for your business. First, you have the majority of factoring companies that provide invoice factoring for business services and staffing. Second, you have freight factoring companies that focus exclusively on factoring for transportation and trucking businesses. Third, you have factoring companies that specialize in niche industries like construction, healthcare and international trade.
Customer Service
The best factoring companies offer excellent customer service. You want to work with friendly, knowledgeable and professional people. Good factoring companies hire and retain good workers. Sales people should be friendly and transparent. Account managers should be responsive and attentive to your everyday needs with your invoices and customers.
Terms and Features
Good factoring companies offer reasonable rates and favorable terms such as no long-term contracts, no monthly minimums and they don’t require you factor all your company invoices. Factoring rates typically range anywhere from 2% to 5% depending on your sales volume, receivable days outstanding and overall risk. If your business experiences frequent fluctuations in revenue then avoid monthly minimum payments. You also don’t want to factor all your invoices if you don’t need the funds. You may want to factor only your slow-paying accounts or specific customers.
Local factoring services
After you narrow your selection of factoring companies based on your industry, you may prefer a factoring company located in your city or state. FactoringClub provides the information you need with over 100 factoring companies located in most major cities and states. We have listings categorized by city, state and industry. Our search capabilities make it easy for you to select your industry and state and so you can focus on nearby factoring companies.